India may move WTO against US visa fee hike by Oct end

September 23, 2012

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New Delhi, September 23: India is expected to soon seek consultations with the US under the aegis of World Trade Organisation (WTO) on visa fee hike for professionals, which discriminates against Indian software companies that send employees to America on short-term contracts.

Although the commerce ministry had internally started the process in April, collecting all the relevant information and data to make a strong case in the WTO is taking time, a senior official told PTI.

"But now we have finalised our case. We are putting all the evidences together. The US visa fee hike is a discriminatory move against Indian IT firms. We are expecting that by October end, we will formally file the complaint and seek consultations under WTO," the official said.

The US had raised visa fee in 2010 to fund its enhanced costs on securing border with Mexico under the Border Security Act. India has been protesting against the measure at different forums.

An American law (Emergency Border Security Supplemental Appropriations Act, 2010) has substantially increased the fees for H-1B and L-1 categories of visas for applicants that employ more than 50 employee in the US or have more than 50 per cent of their employees admitted on non-immigrant visas (called the “50/50 rule”).

"... which is prima facie discriminatory for Indian companies," Minister of State for Commerce and Industry Jyotiraditya Scindia had said earlier.

According to industry experts the H1B visa fee has been increased to USD 2,000 per visa application and L1 by USD 2,700 per visa application.

Some of the top Indian companies--TCS, Infosys, Wipro and Mahindra Satyam-- were affected by the US action on visa fee. The US is the largest market for the Indian software exports.

As per the procedure of WTO, consultation is the first stage of a complaint filed with the global trade body.

Consultations give the parties an opportunity to discuss the matter and to find a satisfactory solution without proceeding further. After 60 days, if consultations fail to resolve the dispute, the complainant may request adjudication by a panel.

Meanwhile, New Delhi and Washington have also completed consultations on other issues in WTO that include avain influenza and steel.

In April, India had complained that the US had wrongly imposed countervailing duties, a kind of restrictive duty, on certain hot-rolled carbon steel flat products from India.

"We have asked for setting up of panel under the WTO's dispute settlement mechanism on the steel issue," the official said.

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News Network
June 1,2024

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Gautam Adani, chairman of multinational conglomerate the Adani Group, has reclaimed the title of the richest person in Asia with a net worth of $111 billion, according to the Bloomberg Billionaires Index. This came after the group's shares rallied up to 14 per cent on Friday.

With this, Adani has overtaken Reliance Industries’ Mukesh Ambani after nearly 5 months. Ambani stands at 12th rank with a net worth of $109 billion. He had overtaken Adani in net worth after his conglomerate's shares crashed following the Hindenburg report last January.

So far in 2024, Adani’s net worth has jumped $26.8 billion while Ambani's wealth has increased by $12.7 billion.

Last week, Adani also expressed his optimism about the future of the group saying that its best days are ahead.

“The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been," he said.

2023 had been quite challenging for the Adani Group after the Supreme Court ordered a panel to probe the allegations in the Hindenburg report. Adani, who was the third richest person in the world before the report, slipped in the rankings rapidly after the group's shares saw a sell-off.

However, later the Supreme Court ordered the Securities and Exchanges Board of India (Sebi) to conclude its investigation into the Adani Group and said no more probes were needed. Sebi had said that it could not reach an outcome in its probe.

The shares of the Adani Group have rallied after the judgement. In January, Adani had overtaken Ambani after nearly 12 months but later the lead was taken again by Ambani. Now Adani has overtaken Ambani again.

The Bloomberg Billionaires Index showed that currently, Bernard Arnault is currently the richest person in the world with a net worth of $207 billion. He is followed by Elon Musk and Jeff Bezos with total wealth of $203 billion and $199 billion respectively.

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June 1,2024

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Kolkata: Sporadic incidents of violence marred the seventh and final phase of Lok Sabha polls in the nine parliamentary constituencies in West Bengal, as TMC, ISF and BJP workers clashed in various parts of violence-prone Jadavpur and Diamond Harbour constituencies.

Although the poll panel has claimed that voting has been peaceful so far, it said it has received 1,450 complaints until 11 am from different political parties alleging EVM malfunctions and agents being stopped from entering booths.

Around 28.10 per cent of over 1.63 crore voters exercised their franchise in the first two hours of polling to the nine Lok Sabha seats, an Election Commission official said.

Clashes broke out between supporters of the TMC, ISF and the BJP in different pockets of the state as the parties clashed over stopping polling agents from entering booths.

A confrontation erupted in Bhangar within Jadavpur constituency between backers of Trinamool Congress and the Indian Secular Front (ISF), with allegations of crude bombs being hurled from both sides. Police intervention ensued, triggering protests as both factions accused each other.

To quell the situation, security personnel resorted to a lathicharge to disperse the mob, recovering several crude bombs.

Angry voters of Kultuli within Joynagar constituency dumped electronic voting machines (EVMs) and Voter Verified Paper Audit Trail (VV-PAT) machines into nearby waterbodies alleging electoral misconduct.

"Today morning at 6.40 am Reserve EVMs & papers of Sector Officer near Benimadhavpur FP school, at 129-Kultali AC of 19-Jaynagar (SC) PC has been looted by local mob and 1 CU, 1 BU , 2VVPAT machines have been thrown inside a pond," the office of CEO West Bengal posted on X.

"Sector Police was a little behind. FIR has been lodged by the Sector Officer and necessary action has been initiated. The poll process in all six booths under the Sector is running uninterrupted. Fresh EVM and papers have been provided to the Sector Officer," it further said.

Senior BJP leader and Bengal co-incharge Amit Malviya posted on X, "Democracy is up in flames in West Bengal. Bombs have been hurled in Jadavpur's Bhangar, and irate villagers in Joynagar's Kultali have thrown an EVM and VVPAT machine in a pond because TMC goons won't let them vote."

"But the worse affected is Diamond Harbour, where Mamata Banerjee's nephew and heir apparent is contesting from. BJP workers are being intimidated, not allowed to sit in the booths, their polling documents destroyed. WB Police is acting like Abhishek Banerjee's henchmen. Even the Muslims have not been spared because a large number of them are voting for CPI(M) candidate Pratikur Rahman. TMC's 'secularism' dies the moment Muslims start voting against it," he posted on X.

Following this, Kolkata Police claimed that the incident happened in the morning before the poll process began.

"This incident happened in the morning around 6 am much before the polling process in Bengal. Police and CAPF immediately intervened and have taken steps against miscreants. Legal action initiated. Polling in Bhangar started without any interruption and is going on peacefully," Kolkata Police posted on X.

TMC supporters have accused the ISF of orchestrating the violence to intimidate voters. Prompt action from local law enforcement led to lathicharges and the arrest of suspects in Polerhat area of Bhangar.

Another incident occurred where the vehicle of an ISF worker was vandalised in Baghajatin area. Accusations have been levelled against Trinamool Congress supporters for the alleged incident.

Diamond Harbour, where TMC national general secretary Abhishek Banerjee is seeking re-election, witnessed clashes between TMC and BJP supporters. BJP candidate Abhijit Das accused the ruling party of malpractices, which the TMC denied. As Das approached a polling booth, TMC activists staged protests and shouted "Go back" slogans. In response, Das got out of his car and shouted counter slogans.

Similarly, CPI(M) candidate Patikur Rehman faced "go back" slogans from TMC workers when he attempted to visit a booth in the Canning area.

In Diamond Harbour's Satganchia, BJP workers were allegedly beaten up by TMC over allegations of intimidation of voters. In Kultuli area, two BJP activists were injured during clashes with TMC workers.

In Jadavpur area's Ganguly Bagan, CPI(M) workers were allegedly beaten by the TMC activists and their camp offices were ransacked. The TMC, however, denied the allegations and accused the Left party of intimidating the voters.

In Baranagar assembly seat, where a by-poll is on, CPI (M) candidate Tanmay Bhattacharya was allegedly physically assaulted when he was standing outside a booth as TMC workers accused him of trying to influence the voters.

The state Congress unit wrote to CEO Aariz Aftab requesting him to take stern action against alleged irregularities and rigging that are taking place in various pockets.

Basirhat SP Hossain Mehedi Rahaman said three persons were injured during the clash between TMC and BJP supporters at Bayramari in Sandeshkhali, adding that one person was arrested in this connection.

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News Network
June 1,2024

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After nearly two months of high-pitch campaigning and a hectic poll schedule of 7 phases, exit polls numbers have started coming in. According to five pollsters so far, the Narendra Modi-led NDA government is coming back to power with a landslide victory while the Opposition’s I.N.D.I.A. bloc managing somewhere between 125 and 150. 

Meanwhile, in a U-turn, Congress-led I.N.D.I.A. bloc has decided to participate in exit poll debates. Track all the latest updates on exit polls results as we provide you with minute-by-minute updates on the outcome of the Lok Sabha polls predicted by exit polls.

While the numbers vary, five exit polls are predicting that the INDIA bloc will be left far behind. None, though, have yet put the NDA across its dream score of 400 of 543 Lok Sabha seats. 

Exit Polls do not always get it right.

An aggregate of five exit polls indicates that the NDA will get 365 seats, the INDIA bloc will get 142 seats.

The maximum number of seats predicted for the NDA was 362-392, in the exit poll by Jan ki Baat. It predicts the Opposition bloc will get 141-161 seats.

It is followed by India News-D Dynamics, which is predicting that the NDA will get 371 seats and INDIA 125 seats.

The lowest score for the NDA comes from Republic TV-P MARQ – 359, and a corresponding higher score for the INDIA bloc, 154.

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